Press Releases

EQUUS ANNOUNCES THE SALE OF MADISON SEVEN TRAILS IN ST. LOUIS, MO

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p><img src="/media/5c8a7d40-263f-4e4a-8846-5a4cc6590963/Press Releases/2016_2-16_Seven Trails Sale_2-16-2016/Seven Trails_Web_png" /></p> <p><strong>PHILADELPHIA, PA. – February 10, 2016</strong> – Equus Capital Partners, Ltd. (Equus), one of the nation’s leading private equity fund managers, announced today the sale of Madison Seven Trails in St. Louis, MO. &#160;The 532-unit apartment community was sold to Monarch Investment &amp; Management Group, LLC for $51,000,000.&#160; At the time of the sale the community was over 95 percent occupied.</p> <p>“Seven Trails’ irreplaceable location coupled with its generous unit sizes and broad amenity package resulted in strong investor interest for this iconic and high-performing asset,” commented Greg Curci, Vice President of Equus who was responsible for overseeing the disposition for the firm.</p> <p>The Seller was represented by Matt Bukhshtaber of CBRE.</p> <p>Built between 1967 and 1971, the community is situated in St. Louis’ premier West County submarket where it benefits from its proximity to major employers, an abundance of retail, and the AAA rated Rockwood School District. With an average unit size of approximately 1,200 square-feet, the garden-style apartment community offers residents some of the largest floor plans in the market across a diverse mix of one, two, and three bedroom flats and townhome style units. All apartments include private entrances with patios or balconies, while select units offer in-unit washers and dryers and upgraded interior finishes. The best-in-class community amenities include four resort-style swimming pools, a fitness center, two lighted tennis courts, three indoor racquetball courts, and a basketball court.</p> <p>An affiliate of Equus acquired Madison Seven Trails in 2006 from a national real estate investment advisor. The transaction was originally made on behalf of BPG Investment Partnership VII, L.P., a $550 million private equity fund managed by Equus.</p> <p><strong>About Equus Capital Partners, Ltd.</strong><br /> Equus Capital Partners is one of the nation’s leading private equity real estate fund managers.&#160; Equus’ portfolio consists of approximately 18 million square feet of office, retail, and industrial properties and approximately 11,000 apartment units in 48 communities located throughout the United States. The firm is headquartered in the Philadelphia area with regional offices in Chicago, Los Angeles, Washington D.C., Boston, Atlanta, and Raleigh-Durham. For additional information, please visit the company’s website at <a href="http://www.equuspartners.com/">www.equuspartners.com</a>.</p> <p><strong>For additional information on the company, please contact:</strong><br /> Joseph G. Nahas, Jr., CRE<sup>®</sup>, Senior Vice President, (215) 575-2363</p> <p><strong>For additional information on the transaction, please contact: <br /> </strong> Greg Curci, Vice President, (215) 575-2307 or <a href="mailto:gcurci@equuspartners.com">gcurci@equuspartners.com</a><br /></p> </body> </html>